Chorus Ltd. (OTCMKTS:CHRYY) to Issue $0.86 Dividend

Key Points

• Chorus Ltd. declared a dividend of $0.8575 per share, which will be paid on October 27th to shareholders on record by September 17th, reflecting a yield of 482.0%.
• Chorus stock opened at $29.17 but experienced a decline of 0.5%, with a 52-week price range between $20.70 and $30.00.
• The company provides fixed line communications infrastructure services in New Zealand, including broadband and voice services for both residential and business customers.

Chorus Ltd. (OTCMKTS:CHRYY - Get Free Report) announced a dividend on Tuesday, September 16th, investing.com reports. Investors of record on Wednesday, September 17th will be paid a dividend of 0.8575 per share on Monday, October 27th. This represents a dividend yield of 482.0%. The ex-dividend date is Tuesday, September 16th.

Chorus Trading Up 0.2%

Chorus stock traded up $0.06 during trading hours on Friday, hitting $27.41. The company had a trading volume of 8,397 shares, compared to its average volume of 468. The firm's fifty day moving average is $26.74 and its 200-day moving average is $24.68. Chorus has a fifty-two week low of $20.70 and a fifty-two week high of $30.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 8.05.

Chorus Company Profile

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.